Dallas Area Residential Sales Report for February - Carrollton/Farmers Branch
Sales took a hit in the Carrollton/Farmers Branch area in February. down 9%. The median sales price rose 16% while the median sales price climbed 8%. most of the sales are concentrated in the upper price ranges and this is what id pulling the averages up so much. Pending sales were even worse declining 17%. There are buyers out there but they are having a hard time finding a home for there lifestyle due to the ever shrinking inventory. The number of new listings did rise 5% but the active listings fell 9% taking the months of inventory down to 0.8 months.
Sales: 229
Average Sales Price: $335,656
Median Sales Price: $286,400
Pending Sales: 118
New Listings: 142
Active Listings: 128
Months of Inventory: 0.8
Information provided by The Real Estate Center
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